GTCFX, a forex broker registered in the UAE on September 19, 2017, has its headquarters in Dubai. It primarily offers financial trading services in forex, precious metals, energy, stocks, and indices to traders. It also has subsidiaries registered in Mauritius, Saint Vincent and the Grenadines, and Vanuatu.
Company Background and Regulatory Information
As a forex broker, GTCFX's domain was registered on June 16, 2015. It has a registered corporate entity in the UAE, namely GTC Multi Trading DMCC, located at 1501, 1 Lake Plaza (Unit number: JLT-PH2-T2A). The corporate registration number is DMCC-312687. This entity is authorized and regulated by the UAE Securities and Commodities Authority (SCA), specializing in commodity brokerage trading and clearing, with the authorization date being September 19, 2017, and license number 20200000007. GTC Multi Trading DMCC conducts its business through the website www.gtcmtd.com.
Another registered entity is GTC Global Trade Capital Co., Limited, registered on October 5, 2021, with the company registration address at Bur Dubai Burj Khalifa, and enterprise registration number 988925. Upon investigation, this entity is not regulated by any financial regulatory agency.
The corporate entity of GTCFX registered with the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) is GTC GLOBAL TRADE CAPITAL LIMITED, registered on February 2, 2018, with the registration address being Grenville St, Kingstown, St Vincent and the Grenadines, and the enterprise registration number 24503. The SVGFSA does not "regulate, monitor, supervise, or license" business companies (BC) engaged in forex trading or brokerage activities. The regulatory scope is limited to ensuring that BCs comply with the obligations stipulated in Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, the Business Companies (Amendment and Consolidation) Act of 2009.
The corporate entity of GTCFX registered in Mauritius is GTC Global LTD, with the registration date of May 30, 2022, and the registration address being Silicon Avenue, 40 Cybercity The Cyberati Lounge, c/o Credentia International Management Ltd, Ground Floor, The Catalyst 72201 Ebene MAURITIUS, with the enterprise registration number of C188049.
GTC Global LTD is authorized and regulated by the Mauritius Financial Services Commission (FSC), with the authorization date being June 3, 2022, and license number GB22200292. This entity offers services to selected jurisdictions outside the European Economic Area (EEA) through https://gtcfx.com. Moreover, the company currently does not provide any retail services.
The corporate entity of GTCFX registered with the Vanuatu Financial Services Commission in the Republic of Vanuatu is GTC Global Trade Capital Co., Limited, with the registration date of May 25, 2023, and the company registration address being B&p House, 1st Floor, Kumul Highway, Port Vila, Vanuatu, and license number 40354.
Account Registration
To open an account with GTCFX, register an account on its official website and log in. After logging in, click on the trading platform and choose between MT4, MT5, and cTrader as the desired trading platform. Creating a real account on the platform's page completes the account opening process.
Account Types
GTCFX provides two types of trading accounts to users: a standard account, which includes Standard and Standard Cent, and a professional account, which includes Raw Spread, Zero, Pro.
The minimum deposit for a Standard account is $30, offering spreads starting from 0.3 pips, with no trading commission and including trading options in forex, metals, energy, stocks, and indices. This account allows for a minimum trading volume of 0.01 lots, with a maximum volume of 200 lots, no limit on the number of positions, a hedge level set at 0%, a margin call level set at 100%, a stop-out level set at 20%, market execution type, and no overnight interest.
The Standard Cent account, aside from only offering trading in forex and metals and a maximum position limit of 1000, shares the same parameters as the Standard account.
The Raw Spread, Zero, and Pro accounts all require a minimum deposit of $3,000, offer a maximum trading leverage of 1:500, and include trading options in forex, metals, energy, stocks, and indices. These accounts allow for a minimum trading volume of 0.01 lots, with a maximum volume of 200 lots, no limit on the number of positions, a hedge level set at 0%, a margin call level set at 100%, a stop-out level set at 0%, and no overnight interest.
However, the difference lies in that the Raw Spread account offers spreads starting from 0 pips with a maximum trading commission of $3.5 per side, market execution type. The Zero account offers spreads starting from 0 pips with trading commissions starting from $0.2 per side, market execution type. The Pro account offers spreads starting from 0.1 pips without trading commissions, instant execution for trading in forex, metals, energy, stocks, and indices, while other trading options are market executed.
Trading Products
GTCFX offers multiple product trades including forex, stocks, precious metals, energy, and indices.
- The forex market is the world's largest financial market, involving the trading of currencies from different countries. Investors can buy and sell different currency pairs through forex trading platforms to profit.
- Stocks represent an investor's ownership in a company, buying stocks makes them a shareholder, entitled to dividends and appreciation.
- Precious metals like gold and silver are considered safe-haven assets, used to hedge risks.
- The energy market includes crude oil and natural gas, prices are influenced by supply and demand, geopolitical factors.
- Indices reflect the overall performance of a specific market or sector, allowing investors to participate in the overall market investment without buying individual stocks.
Trading Software
GTCFX offers MT4/MT5 and cTrader trading platforms, including desktop, mobile, and web versions. Tests have shown that the cTrader trading platform provided by GTCFX cannot be installed after downloading, and the entity providing servers on the MT4/MT5 trading platforms is the unregulated GTC Global Trade Capital Co., Limited.
Deposit and Withdrawal Methods
GTCFX offers a variety of convenient deposit and withdrawal methods, including bank transfer, credit and debit cards, e-wallets, and RPN payments. Regardless of the method chosen, transactions can be conducted quickly and securely. The platform is committed to providing customers with flexible and diverse payment options to meet different needs and preferences.
Partner Program
GTCFX has launched a partner program aimed at providing participants with generous rewards and incentives. The program not only offers rich commissions but also includes referral kickbacks and various physical rewards. Whether professional traders, brokers, or regular investors, participation in our partner program offers additional income and rewards. The platform is committed to offering the most attractive and competitive incentive schemes for partners, to achieve success and growth together.
Customer Support
GTCFX provides multiple contact channels for direct and immediate assistance. Users can reach the platform via phone at 800 667788 and email at support@gtcfx.com. For further contact, customer support services can also be obtained through online contact on its official website's "Contact Us" section.
Summary
Established on September 19, 2017, and headquartered in Dubai, GTCFX is a forex broker registered in the UAE, offering financial trading services in forex, precious metals, energy, stocks, and indices. The company has subsidiaries registered in Mauritius, Saint Vincent and the Grenadines, and Vanuatu, covering multiple jurisdictions. GTCFX provides rich rewards and incentives through its partner program, along with various payment methods and customer support channels. However, TraderKnows reminds investors that although GTCFX holds regulatory licenses in several regions, the regulatory strength of these licenses is weak. Furthermore, the entity that provides servers on the MT4/MT5 trading platforms is unregulated. Before trading, investors should carefully consider their investment objectives and risk tolerance.
Currently, GTCFX is marked as "Active" on TraderKnows.
